The city’s financial results for the first six months of the fiscal year are now out.
Building permit fees are important since they are indicators of growth in our tax base and our community in general.
How did they do? Well for commercial building permits the numbers show that we are 16% below their projections and for residential building permits we are underperforming by 29%.
The shortfall in fees looks like it will be less than one million dollars of revenue but the important thing is that our new construction is not happening like they have projected.
That means that the current taxpayers will be paying more of the debt than we were told.
We deserve better